A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support Luther College and our students.
You transfer your cash or appreciated property to fund a charitable remainder unitrust. The trust sells your property tax-free and provides you with income for life or a term of years.
A charitable gift annuity is a gift made to Luther College that can provide you with a secure source of fixed payments for life.
A charitable life estate is a way for you to give your home or farm to charity while maintaining the right to use and enjoy the property.
You may desire to leave your home or farm to Luther College at your death but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!
To learn more about a life estate, please contact us. We would be happy to assist you and answer your questions.
Life Estates Work for Spouses Too - The life estate can last for your life or based on your life and that of another person, such as a spouse or loved one.
Mortgage Debt - It is possible for you to make a gift of your property even though there is a mortgage upon the residence.
Maintenance Issues - You will be responsible for the maintenance, insurance and taxes on the property, just as you were prior to creating the life estate.
Life Estates Are Flexible - If, at some point in the future, you are no longer able to live independently in your home, we may be able to help you use your life estate to create a lump sum cash payment (with a joint sale) or create an income stream (using the life estate to fund a charitable remainder trust or charitable gift annuity).
Learn how others have made an impact through their acts of giving to Luther College and others. Explore the many benefits of charitable gift planning.more